State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
$54.09−0.87 (−1.57%)
- Expense ratio
- 0.20%
- Fund size
- $502M
- 1Y return
- +15.4%
- Yield · Last 12 months
- 3.10%
- Holdings
- 628
- Volume · 30D
- 0M sh
- NAV per share
- $54.55
- 52W range
The ETF.net EFAX Grade
Score 73 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 71Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 58Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 75Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 75Category rank
Our read on EFAX
AMost ESG funds rebuild the developed-market index around ratings. EFAX makes one cut: companies that own fossil fuel reserves are out. The rest of the EAFE lineup stays put.
The fund seeks to provide returns generally corresponding to the MSCI EAFE ex Fossil Fuels Index before fees and expenses. The index screens the developed-market MSCI EAFE universe to exclude companies with specified fossil-fuel reserves.
Why people hold it
- One legible rule: start with MSCI EAFE, drop the companies that hold fossil fuel reserves. No ratings black box to decode.ssga.com
- Still a core-shaped fund, not a narrow slice: about 600 stocks across developed Europe, Australasia and the Far East.
- 0.20% a year, a shade under the typical fee in its international ESG peer group, from a State Street fund running since 2016.
Worth knowing
- The screen targets reserves ownership, not emissions or labor practices, so refiners, utilities and heavy fuel users can still make the cut.
- Cheaper routes exist on the same aisle: VSGX at 0.10% and DMXF at 0.12% apply broader ESG screens for less.
- Thinly traded next to the category's giants, so the bid-ask spread is a bigger slice of what it costs to get in and out.
EFAX Holdings
- Stocks
- 628
- 15%
- ASML
Sectors
- Financials28.3%
- Industrials18.6%
- Technology12.1%
- Health Care11.0%
- Consumer Discr.8.1%
- Cons. Staples7.1%
- Communication5.2%
- Materials4.8%
- Utilities2.9%
- Real Estate1.8%
- Energy0.1%
Geography
- Japan24.48%
- United Kingdom12.87%
- Switzerland10.20%
- Germany9.33%
- France8.19%
- Netherlands7.02%
- Australia5.40%
- Spain4.11%
- 18.40%
Developed 99% · Emerging 1%
EFAX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EFAX |
|---|---|
| Year to date | +10.5% |
| 1 month | −1.7% |
| 3 months | +0.8% |
| 1 year | +15.4% |
| 3 years | +18.4% |
| 5 years | +8.3% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EFAX |
|---|---|---|
| 2026 YTD | +10.5% | |
| 2025 | +31.3% | |
| 2024 | +4.8% | |
| 2023 | +18.0% | |
| 2022 | −16.7% | |
| 2021 | +10.5% | |
| 2020 | +9.5% |
EFAX in the news
ETF.net Research hasn’t filed on EFAX yet — coverage lands here as it’s written.
EFAX Dividends
- 3.10%
- $1.71
- $0.80 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 1, 2026 | Jun 5, 2026 | $0.80 |
| Nov 25, 2025 | Dec 2, 2025 | $0.90 |
| Jun 2, 2025 | Jun 6, 2025 | $0.77 |
| Dec 18, 2024 | Dec 24, 2024 | $0.42 |
| Jun 3, 2024 | Jun 7, 2024 | $0.67 |
| Dec 15, 2023 | Dec 22, 2023 | $0.34 |
| Jun 1, 2023 | Jun 8, 2023 | $0.71 |
| Dec 16, 2022 | Dec 23, 2022 | $0.32 |
| Jun 1, 2022 | Jun 8, 2022 | $0.63 |
| Dec 17, 2021 | Dec 27, 2021 | $0.53 |
| Jun 1, 2021 | Jun 8, 2021 | $0.55 |
| Dec 18, 2020 | Dec 28, 2020 | $0.33 |
EFAX Risk
- 12.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.01
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −31.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EFAX Cost
- The middle half of International ESG & Values Index funds
- Median 0.26%
5 of the 18 International ESG & Values Index funds charge less.